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More charges in OW Bunker case

More charges in OW Bunker case

03-03-2016 12:00:00

The police has pressed charges against several former executives of OW Bunker. There has thus been pressed charges against former CEO Jim Pedersen and former CFO Morten Skou and Lars Møller, who was head of the Singapore subsidiary Dynamic Oil Trading.

They are charged with fraud and breach of trust. According to a report from the curator, they had the knowledge to exceed the mandates regarding OW Bunkers speculation in oil derivatives. The excess goes on, how risky trade in oil derivatives may be. Officially, the deal was part of OW Bunkers risk, but in reality there was therefore a question of speculation, says curator.

The head of OW Bunker's risk management department, Jane Dahl Christensen, exceeded the mandates that were issued by both the board and management, which Jim Pedersen was aware. However, no formal charges are pressed against Jane Dahl Christensen.

Source: Dagbladet Børsen / Maritime Denmark

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